4//SEC Filing
COLUMBIA BANCORP 4
Accession 0000834105-04-000078
CIK 0000834105operating
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 12:44 PM ET
Size
19.3 KB
Accession
0000834105-04-000078
Insider Transaction Report
Form 4
COLUMBIA BANCORPCBMD
KARFONTA ADELBERT D
Exec. Vice President
Transactions
- Other
Phantom Stock
2004-08-27+40.59→ 3,902.84 total(indirect: By Deferred Compensation Plan)Exercise: $0.00→ Common Stock (40.59 underlying)
Holdings
- 2,000
Incentive Stk Option-1997 Plan
Exercise: $16.00From: 2000-01-19Exp: 2009-01-19→ Common Stock (2,000 underlying) - 6,000
Incentive Stk Option-1997 Plan
Exercise: $16.88From: 1999-01-20Exp: 2008-01-20→ Common Stock (6,000 underlying) - 7,772(indirect: By 401(k))
Common Stock
- 340
Incentive Stk Option-1997 Plan
Exercise: $22.30From: 2004-01-24Exp: 2013-01-24→ Common Stock (340 underlying) - 2,500
Incentive Stk Option-1997 Plan
Exercise: $10.94From: 2001-01-24Exp: 2010-01-24→ Common Stock (2,500 underlying) - 1,660
Nonqualified Stk Option-1997 Plan
Exercise: $22.30From: 2004-01-24Exp: 2013-01-24→ Common Stock (1,660 underlying) - 4,000
Incentive Stk Option-1997 Plan
Exercise: $12.00From: 2002-01-25Exp: 2011-01-25→ Common Stock (4,000 underlying)
Footnotes (5)
- [F1]Represents investment in units of the Columbia Bancorp Stock Fund in the Company's 401(k) Plan. The Plan owns both cash and shares as determined by the Plan Administrator.
- [F2]Under The Columbia Bank Deferred Compensation Plan, adopted in Sept 1996, senior management may elect to defer up to 15% of compensation after contributing the maximum allowed each year to the Company's 401(k) Plan. The Company matches 50% of the participant's contribution. Each year the participant elects an investment method for the coming year; gains/losses are credited to his account according to his election: either by reference to the Company's common stock or by reference to the Bank's prime rate on December 15 of the prior year. Each pay day, the portion of the contribution and the match that the participant elects to be valued based on stock is translated into phantom stock based on the current stock price. Upon termination the amount accumulated in a participant's account will be paid in cash in a lump sum or in equal installments over 5, 10, or 15 years, as elected by the participant each year. The total includes shares acquired as dividends are paid.
- [F3]Phantom shares are valued at the current stock price on the day of termination of employment.
- [F4]Phantom shares acquired pursuant to The Columbia Bank Deferred Compensation Plan.
- [F5]Options vest over a period of four years with 25% vesting each year beginning one year after the date of grant.
Documents
Issuer
COLUMBIA BANCORP
CIK 0000834105
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000834105
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 12:44 PM ET
- Size
- 19.3 KB